Multimillionaire Journey: Goal Completed!!: Paid of Close to 70,000 of debt in one year!!

A post not too long ago called Failed Goal: Laplace Demon, Survival Bias, Survival Game described how I failed my goal of paying off close to $70,000 in debt by this past Septemeber. The debt was incurred because it was needed for large remodeling project started last October described in Multimillionaire Journey: My Credit Card Bills are Too Damn High!


Balance on my last credit card is 0.00! Two months late but finally paid all my debt stemming from that large remodel. I feel like a huge load has been lifted from my back. Sometimes when you set out a goal it doesn’t realize during the time frame that you want, I wanted it paid two months ago, it happened just now, sometimes the goal is reached late but the important thing is that it happened!

Now I could focus more on generating more income by investing and planning. A plan has been in development to reach my multimillionaire milestone. This past month I have been thinking, thinking, and thinking some more and finally put something down on paper. My plan is to sell two of my single family rental properties that generate little to no income and trade them up to multi-family properties that will generate MORE passive income.  They will be more work to maintain and manage but if I want to become a multimillionaire within 10 years it needs to be done.

I also plan on investing ferociously in stocks and bitcoin. Not yet though. Those markets are frothy right now but they will come down in price soon. When that happens I plan to invest a substantial amount I will have in savings at that point and continue to do so. I just need to find the right time and I don’t believe right now is the time to invest heavily in those markets. The time will come though. It always does.

The third part of my plan is to start making small loans. These loans would be generating more passive income to compliment the income coming from the properties. I have been doing research on what is the best method to start but I will hopefully start making my first loan about two years from now.

Within the next few years I will need to start executing my plan. That is the most difficult part, the execution of a plan. Anybody can plan anything, executing the plan is the tough part. It was tough executing my plan to pay off about $70,000 in debt in one year.  Any earnings I got went entirely to paying off the debt. I didn’t buy new shoes this whole year until yesterday. Sacrificing, execution, and finishing plan, even if its late.


Failed Goal: Laplace Demon, Survival Bias, Survival Game

I failed. My goal was to have all of my credit card debt paid off by this time and I haven’t. I still have about $16,000 left to pay. Bummer. The problem is that I am not a Laplace Demon. You see a Laplace Demon can predict the future by understanding all the movements of things using Newtonian physics. If I was to know all of the positions and velocities of the Universe……. Continue reading “Failed Goal: Laplace Demon, Survival Bias, Survival Game”

Multimillionaire Journey: Net Worth 1

Every month or so I track my net worth. I go through all my assets with value and subtract it by all my liabilities. Usually I would do it on a notebook I have full of strange ideas and realistic goals. Now that I have this blog….I will be doing it here. Here we go: Continue reading “Multimillionaire Journey: Net Worth 1”

Multimillionaire Journey: My Credit Card Bills are Too Damn High!

My credit car bills are too damn high! If you have read my blog articles Credit Cards: Leveraging the Right Way and Bought a Bargain Property: Now What?, then you know I used many credit cards to pay for a remodel on the new property purchased. My wife and I decided to move into the property and lease out our old home. The remodel took a bit of life from me but we pulled through but now we have to pay this darn debt. A month ago it was $70,000 on credit cards! Yikes! This is not helping my Multimillionaire Journey at all.

Continue reading “Multimillionaire Journey: My Credit Card Bills are Too Damn High!”

I Am a Substitute Teacher Millionaire

Why not be a substitute? I like it enough!

I am a substitute teacher millionaire and my earned income has been at about $17,000 for the past 8 years. Yup, you read that correctly. And those 8 years have gone by fast…so so fast. I choose to be a substitute, therefore, I am choosing to earn that pay. I could easily make more money doing something else but I like my job enough to not leave it. There are several reason why I enjoy being a substitute teacher. It offers flexibilty, novelty, and more importantly to positively impact the youth of today.

Hitting the Millionaire Milestone!

I hit the millionaire mark back when I was 33 years old. I did not win the lottery, marry somebody rich, inherit anything, win a game show, or rob a bank. If you read my About Page, I was raised poor. There were 7-8 people living in our 2 bedroom apartment in the middle of South Central Los Angeles. My father and mother started out working in the fields picking lemons and strawberries. My father then moved on to working the night shift at a slaughterhouse to support the family. I hardly saw my father when I was young. When I woke up he was asleep and when I was home he was at work. However, they set good examples by working hard all their lives.

My Childhood Apartment

Living in a dangerous low income neighborhood

Look at that picture. Iron bars everywhere, dogs roaming, drug addicts, drug dealers, gangs, violence, all were part of my experience growing up. The negativity around me was chipping away at me when I was younger. I was headed on the wrong path. I could have easily ended up killing myself, addicted to drugs, an alcoholic, or just another victim of the streets but I changed. I talked about that change HERE. Once I decided to change, the next step was formulating a life that I wanted. I wrote all my dreams and goals in a notebook. Then I decided to go out and get them. One of the goals I wrote down was to achieve a net worth of one million by the age of 40. It was accomplished 6 years earlier in the year 2011. I am 39 right now and today my net worth is getting close to 2 million. And it isn’t because I have been high income earner. Most of the accumulation has been through real estate strategies and the right mind set.

Not just goals

Of course there is much more to it than writing goals. There is a lot of learning, actions, several mistakes made, and strategies used. I can’t go through all of those in one blog post. But I can share them post by post, word by word. Eventually you will find out how I became a Substitute Teacher millionaire and hopefully follow my journey towards my next goals.

Nobody cares that much; Do it for yourself

When I reached my goal of one million there weren’t any balloons falling down or confetti, and my dog barely licked my hand. But I will admit, there was an inner satisfaction. It was a goal, a dream, an imagined figment and now it was concrete and real. I would imagine that is how Leonardo Da Vinci felt when he got that smile just right on his Mona Lisa painting. Pulling something difficult out of the imagination and making it real. That satisfaction comes from any goal from writing a blog, to becoming a better father, improving in your workplace, any goal. I see wealth as strictly a survival tool for myself and my future generations. The more extensive the wealth, the better survival tool one would have. Now I want to pull something else out of my imagination with my next goal.

$10 million is maybe possible; I think I can

My current goal is to become an 8-digit multimillionaire, reach $10,000,000, within 10 years while maintaining my occupation as a substitute teacher. I will be revealing my personal struggles, income information, net worth updates, and more on my Multimillionaire Journey. I will also be giving advice on the mindset I developed to reach my past goals and the my present goals on the Multimillionaire Mind tag on my blog sidebar. This journey is to be continued…….